After Six Years, Is the Pi Network Finally Delivering?

• On February 20, the Pi Network officially launched its Open Mainnet, marking a big shift from the prior enclosed mainnet that had restricted external connectivity
• A new unlock of 276 million PI tokens is scheduled to happen this month, which constitutes about 3.5% of the circulating supply
• While the PI token is listed on OKX, Bitget, and others, no mainstream exchanges, such as Binance or Coinbase, have listed it yet

It’s no secret that Pi Network has often struggled and has been frequently a target of negative publicity due to its failure to fully deliver on its promises. However, in February, the Pi Network officially launched its Open Mainnet, marking a big shift from the prior enclosed mainnet that had restricted external connectivity.

This unlocked some noteworthy options, including cross-platform transactions, dApp deployment, exchange utility, and greater interoperability.

So far, more than 13 million people have moved their accounts to the mainnet. That said, a new event is scheduled for this month, and it could have a big impact on Pi Network. Namely, an unlock of 276 million PI tokens is about to take place, which constitutes about 3.5% of the …

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